Many banks advertise themselves as offering the best banking solutions, which can make it challenging for business owners to sift through the claims and select the right bank. However, the process can be manageable. We’ve conducted extensive research and compiled a list of the top banks for small businesses in Nebraska. Continue reading to find out more.
When selecting a bank for their business, owners consider numerous factors, and our evaluation of these banks reflects those priorities. Initially, we confirmed that the offline banks included in our list have sufficient physical branches throughout Nebraska. We then assessed all the banks based on their transaction charges, monthly maintenance fees, minimum balance requirements, and annual interest rates.
Additionally, we evaluated the variety of banking products offered and their capacity for integrating additional features. We also examined whether these banks provide robust online banking services and loan opportunities for small businesses. Furthermore, we looked into any sign-up bonuses or cash-back rewards they might offer.
Click here for a more detailed explanation of our methodology.
| Bank | Pricing (Per Month) | Additional Fees | Interest Rates | Minimum Balance | Access to Mobile Banking |
| Bluevine | $0 | $4.95 per cash deposit, $2.50 for out-of-network ATM fees, $15 for outgoing wires | 2.0% APY | $0 | Pay vendors by wire or check, schedule payments, manage cash flow |
| Capital One | $15 (waivable) | $15 per incoming domestic wire, $25 for outgoing domestic wire | 0.20% APY | $2,000 | Access credit card accounts, transfer money, deposit checks, access bank statements, access to CreditWise service |
| U.S. Bank | $0 | $0.50 fee for transactions after the first 125, fees at out-of-network ATMs | 0.01% APY | $500 for business savings | Transfer funds, view documents, find branch/ATM locations, manage cards |
| Bank of America | $16 | Out-of-network ATM fees, fees for excessive deposits | Up to 0.04% APY | $5,000 | Manage accounts, pay and transfer, digital wallets, bill pay |
| Lili | $0 | $2.5 for out of network | 1.50% APY | $0 | manage finances and payments, control expenses, and save money for taxes |
| Chase | $15 (waivable) | $25 to $40 for wire transfers, $0.40 per transaction (after the first 20) | Up to 0.02% APY | $0 | Fraud monitoring, card control, pay, and transfer, view offers |
| Axos | $0 | $35 for wire transfer | – | $0 | Fund transfer, wire transfer, bill payment, |
| Oxygen | $0 | $3 for out-of-network ATMs fee, fees for international transactions $5 international ATM fee, fees for Ingo mobile check deposit | 1.0% APY | $0 | Check deposit, bill payment, check deposit, account statement |
| Interest Rates | 2.0% APY |
| Star Rating | 4.7 |
Bluevine is a standout choice for Nebraska business owners looking to set up a bank account for their company easily. They offer a fully online banking system, which includes no minimum balance requirements, no monthly maintenance fees, and unlimited digital transfers. Additionally, Bluevine provides small businesses in Nebraska the opportunity to access loans without the stringent credit score or history requirements typically enforced by traditional banks.
Why we chose it: Bluevine is the top business bank account for LLCs and other business entities due to its high-interest rates, minimal fees, and absence of maintenance requirements.
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With Bluevine, you’ll enjoy banking without any monthly fees, allowing you to manage your finances without additional charges. However, be aware of fees for using out-of-network ATMs. The mobile app is particularly useful for locating ATMs where you can withdraw cash for free. Note that each cash deposit incurs a fee of $4.95, so it’s best to use this service judiciously.
Bluevine offers a compelling 2.0% APY, which is 50 times the current national average, applicable on balances up to $100,000. Once your business’s balance exceeds this limit, the additional funds will not earn any interest. This makes it an attractive option for small businesses looking to maximize their earnings on deposits.
There is no minimum balance requirement for using Bluevine, giving small businesses the flexibility to start with virtually any amount and immediately benefit from the high-interest rate.
Bluevine’s mobile app simplifies banking on the go, enabling you to manage your accounts from anywhere efficiently. The app is designed to help you easily monitor your financial activities, make payments to vendors via wire or check, and schedule future payments, providing a comprehensive mobile banking solution.
| Interest Rates | 0.20% APY |
| Star Rating | 4.6 |
Capital One is renowned for its hassle-free banking solutions, and for business owners, this can mean setting up a business checking account in just 5 minutes.
The Capital One mobile app provides 24/7 access to online bill payments, unlimited transfers, and complimentary bank statement reports.
Moreover, Capital One does not charge for unlimited transfers, has no fees for bank overdrafts, and offers a monthly maintenance fee that can be waived.
The 360 Checking account from Capital One includes additional perks such as Early Paychecks, FDIC-insured security, and access to over 70,000 fee-free ATMs.
Why we chose it: Capital One allows for unrestricted digital transfers, offering the flexibility to manage funds effortlessly.
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Capital One’s business accounts typically incur a $15 monthly fee, which might be substantial for a small business. However, you can have this fee waived by maintaining an average balance of $2,000 over a 30 or 90-day period. Additionally, using any of Capital One’s 70,000 nationwide ATMs is free of charge.
Opening a business savings account with Capital One unlocks interest rates of up to 0.20% for the first year, applicable to balances up to $5 million—offering significant flexibility for small businesses. It’s important to note that Capital One’s checking accounts do not accrue interest, which makes the benefit of free digital transfers even more valuable.
There is no minimum balance requirement to keep your Capital One account open, but maintaining at least $2,000 in your checking account is advisable to avoid the monthly service fee. Additionally, holding surplus funds in your savings account can accrue some interest, optimizing your cash reserves.
With a limited number of physical branches, Capital One’s highly-rated mobile app is essential for managing your banking needs on the go. The app allows for seamless transfers, digital payments, and deposits using your device’s camera. Furthermore, it provides access to Capital One’s CreditWise service, which helps monitor your credit score and offers valuable financial insights.
Lili Bank simplifies financial management for small businesses in Nebraska by consolidating all financial activities onto one digital platform. They provide a suite of powerful tools for sending and receiving invoices, organizing expenses, and automating tax savings.
Opening a business account with Lili is straightforward, thanks to their fully digital banking app. They require no minimum balance, charge no monthly maintenance fees, and ensure transparency with no hidden fees. Additionally, Lili Bank offers an attractive 1.5% APY and various cash-back opportunities.
Why we chose it: Lili’s minimal fees and advanced tax optimization software enable businesses to retain more of their income. Furthermore, for those seeking an online business checking account without credit checks, Lili presents an excellent choice.
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Lili Bank stands out with its complimentary tax software, and business owners can further benefit from the absence of account and overdraft fees. There are no charges for foreign transactions or for using any of the 38,000 in-network ATMs across the United States. However, using an ATM outside this network may result in a fee ranging from $2.50 to $5.
Lili’s Business Checking account does not offer interest. However, those interested in earning can opt for a savings account that provides a 1.5% APY, although maintaining at least $34,000 in the account is necessary to counterbalance the monthly costs.
Lili Bank does not require a minimum balance for its checking account, eliminating the worry about maintaining a specific amount to avoid monthly fees. This feature is particularly advantageous for new businesses or those with variable income.
Lili Bank’s mobile app is tailored specifically for freelancers and small business owners, enabling them to manage their finances effectively from their mobile devices. The app facilitates expense control, tax savings, and payment management.
Additionally, it offers features like instant payment notifications, budgeting tools, and the capability for mobile check deposits, enhancing the banking experience for busy entrepreneurs.
| Interest Rates | 0.01% APY |
| Star Rating | 4.5 |
U.S. Bank is an excellent choice for small businesses seeking additional funding, as they offer a variety of loan opportunities tailored to different needs. Business owners can access Quick Loans up to $250,000 or opt for Long Term Loans up to $1 million. Additionally, U.S. Bank provides a range of specialized products for businesses including Business Checking, Merchant Services, Business Credit Cards, Cash Management, and Payroll Services. The minimum balance requirement is a manageable $500, and there’s no monthly maintenance fee.
Why we chose it: U.S. Bank is a go-to for small businesses in need of additional financing, offering an extensive range of lending options.
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With U.S. Bank’s Silver Checking Package for small businesses, you won’t encounter any monthly fees. As your business expands and you possibly upgrade to higher-tier accounts, be aware that those may include waivable monthly fees. It’s crucial to monitor your monthly transactions closely to avoid fees associated with exceeding set limits.
U.S. Bank’s checking accounts do not offer the ability to earn interest. While their savings accounts do offer certain benefits, the highest interest rate available is currently a modest 0.01%. Importantly, there is no cap on the balance that can earn this rate, allowing flexibility in account growth.
There is no minimum balance requirement for starting with U.S. Bank’s Silver account package, which is tailored for small businesses. For other checking accounts, fees can be waived if you maintain the required balances. Savings accounts require a minimum balance of $500 to avoid service fees.
U.S. Bank’s mobile app enables you to manage your banking needs remotely, ideal if you’re away from a branch. The app allows for easy funds transfer between accounts and keeps you informed of your financial status. Additionally, U.S. Bank offers customized alerts to help manage your finances effectively.
>> Check Out U.S Bank for Small Business >>
Oxygen Bank has earned a spot on our top pick list through its tailored, fully online banking services designed specifically for online entrepreneurs and freelancers. For example, users can conveniently open their business LLC directly within the app, create virtual credit cards for online transactions, and benefit from zero fees on peer-to-peer transfers, wire transfers, and direct deposits.
Additionally, Oxygen offers several attractive bonuses, including a 5% cash-back reward, a $5 sign-up bonus, and $50 for the first $500 deposit within 60 days of opening an account.
Why we chose it: Oxygen Bank resonates with the modern, trendy business owner by providing innovative banking features that cater to the needs of sole proprietors and digital entrepreneurs.
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Oxygen Bank promotes itself as largely fee-free, although charges may apply for out-of-network and international withdrawals. There are no fees for ACH transfers or for simply keeping your account open, providing a hassle-free banking experience.
Oxygen does not offer interest on its business checking accounts. To address this, they provide a business savings account option where funds can earn an interest of 1.0% on balances up to $20,000. Higher balances continue to accrue interest, albeit at a lower rate, allowing for some growth on larger deposits.
Oxygen Bank imposes no minimum balance requirements for either its checking or savings accounts. This policy ensures that there are no monthly fees, even if your account balance is zero, easing financial management for business owners who may have fluctuating income levels.
Oxygen Bank’s mobile app is tailored to assist small business owners in managing their finances efficiently from anywhere. The app enables you to deposit checks, pay bills, and access detailed account statements directly from your mobile device. It also provides spending insights, which can be invaluable for tracking financial health and budgeting effectively.
>> Check Out Oxygen for Online Banking >>
Axos Bank, a fully online banking platform, has gained popularity among business owners in Nebraska for its ease of use and reliable reputation, earning an A+ rating from the Better Business Bureau (BBB).
Axos simplifies the process for small business owners to open a business checking account while offering a competitive APY interest rate across all their business accounts. Their small business interest checking accounts provide up to 1.0% APY with no monthly maintenance fees.
Additionally, Axos offers a variety of money market accounts including Business Premium Savings, Business Savings, Business Money Market, and Nonprofit Market, all of which offer up to 0.20% APY.
Why we chose it: Axos Basic Business Checking account’s lack of cash deposit fees and low overall fee structure makes it one of the best business bank accounts available.
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Axos Bank’s Basic Business Checking account is free of monthly maintenance fees and does not have requirements to keep the account open. It offers reimbursement for any ATM fees incurred each month, effectively making the account cost-free for general usage. However, it’s important to note that Axos charges $35 for each wire transfer, which could add up if you frequently send wire transfers.
While this specific checking account does not offer an annual percentage yield (APY), it focuses more on providing valuable business perks. For those with additional funds, Axos also provides interest-bearing business savings accounts that allow you to earn interest on your deposits.
Axos Bank imposes no minimum balance requirements for either its checking or savings accounts, making it an excellent option for small business owners who might not have substantial funds to maintain their accounts continuously. This feature ensures ease of banking without the worry of meeting minimum balance conditions.
Axos Bank features a comprehensive mobile banking app that enables customers to handle all banking activities conveniently from their mobile devices. You can manage accounts, deposit checks, transfer funds, pay bills, and conduct wire transfers on the go.
The app also includes account alerts and budgeting tools to help you keep a close eye on your financial health and manage your finances effectively.
| Interest Rates | Up to 0.04% APY |
| Star Rating | 4.4 |
As a business owner, managing and monitoring your financial transactions can be daunting. However, Bank of America eases this process by offering access to top-rated financial data management and tracking tools like Zelle, Cash Flow Monitor, Mobile Check Deposits, QuickBooks, and more.
Beyond its robust online banking products, Bank of America supports a strong physical presence with over 4,000 branches and more than 17,000 ATMs nationwide.
Additionally, BOA provides specialized customer support for small businesses, aimed at assisting business owners with their financial transaction challenges.
Why we chose it: Bank of America’s rewards system offers numerous benefits, turning banking into a mutually beneficial experience for all involved parties.
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Bank of America’s introductory checking account includes a $16 monthly fee. You can avoid this fee by maintaining a $5,000 monthly balance, spending a minimum of $250 on your debit card, or by enrolling in the Preferred Rewards program. Be mindful of additional fees associated with out-of-network ATM withdrawals and excessive deposits within a month.
For small businesses opening a savings account with Bank of America, the starting interest rate is 0.01%. Active participation in Bank of America’s rewards system can boost this rate to 0.04%. It’s important to note that Bank of America’s checking accounts do not offer interest accumulation.
To waive the $16 monthly service fee, maintain an average monthly balance of $5,000 in your checking account. For savings accounts, a minimum balance of $2,500 is required to avoid a $10 monthly fee.
Bank of America’s mobile app is highly regarded for its functionality. It allows you to manage your accounts, pay bills, and transfer funds conveniently from anywhere. Additionally, the app includes a budgeting tool to help you monitor and control your spending effectively.
>> Check Out Bank of America >>
| Interest Rates | Up to 0.02% APY |
| Star Rating | 4.2 |
Chase Bank is an excellent choice for merchants who value the convenience of both online and offline banking. The bank boasts over 18 million registered business checking accounts, supported by its extensive network of over 5,000 branches and 17,000 ATMs nationwide. This makes it easy for businesses in Nebraska to find a Chase location nearby.
For online banking, business owners can utilize the Chase mobile app to effortlessly set up an account in minutes without any minimum balance requirements. Additionally, they gain access to free financial management tools.
Why we chose it: Chase enriches its traditional banking offerings with a comprehensive suite of merchant services designed to propel your business forward.
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Chase Business Complete Banking has a starting monthly fee of $15. However, this fee can be waived by maintaining a $2,000 daily balance, making deposits via Chase QuickAccept, or using your Chase Ink Business Card for purchases. Be mindful of transaction costs after your first 20, and try to minimize expensive wire transfers.
Like many banks, Chase does not offer interest on business checking accounts. To earn interest, you would need to open a business savings account, which offers a rate of up to 0.02%.
To avoid the monthly service fee from Chase, maintain at least $2,000 in your checking account consistently. Falling below this balance even once during the month can incur a fee. There are no fees for savings accounts as long as you keep an active checking account with Chase.
Chase’s mobile app goes beyond basic banking functions. It allows you to lock or unlock your credit card if misplaced, includes a budget planning feature to allocate funds for significant purchases, and provides credit monitoring tools to maintain your financial health.
When selecting the best banks for small businesses in Nebraska, we thoroughly examined several key aspects important for opening a business bank account and efficiently managing finances. Here are the primary factors we considered:
>> Open a Business Bank Account With the Bluevine >>
Here are responses to the most frequently asked questions about the top banks for small businesses in Nebraska.
To open a business account in Nebraska, the specific requirements may vary based on your business entity type. Commonly required documents include a registration certificate, Employer Identification Number (EIN), business license, personal identification, and proof of address. Since banks might have additional requirements, it’s advisable to contact them directly to get detailed information.
Opening a bank account in Nebraska without an SSN can be challenging, but there are alternatives. One option is to apply for an Individual Taxpayer Identification Number (ITIN) from the IRS.
Alternatively, you can provide other forms of identification, although acceptance of these depends on the bank’s policies. It’s important to contact the bank directly to understand their specific requirements and see if they can accommodate your situation.
Yes, it’s advisable to open a bank account using an Employer Identification Number (EIN), especially if your business has employees. An EIN is essential for tax purposes and is commonly required by banks when setting up a business account.
If you’re the sole employee of your business, consider using your Social Security Number (SSN) instead; however, doing so can blur the lines between your personal and business finances, which may lead to complications in managing financial records.
It’s a smart strategy to save at least six months’ worth of operating expenses to cushion your business against unforeseen challenges. This reserve can provide essential support while you navigate any temporary downturns.
Additionally, try to contribute at least 10% of your monthly profits to these savings. This approach helps to build a more substantial financial buffer gradually, enhancing your business’s resilience over time.
We’ve highlighted the best banks for small business owners in Nebraska, focusing on those that offer beneficial features like accessible business loans, comprehensive online banking services, and low charges on your business’s income.
These banks are tailored to meet the unique needs of small business owners, ensuring that you’ll likely find an option that aligns well with your specific business requirements.
Judith Harvey is a seasoned finance editor with over two decades of experience in the financial journalism industry. Her analytical skills and keen insight into market trends quickly made her a sought-after expert in financial reporting.
